Comparison of Cost Flows under Full Absorption and Variable Costing Wyandotte Product incurred the following costs for its line of swimming pool pumps 100,000 units were produced, and 80,000 units were sold Required a Using T accounts, trace the manufacturing cost flows under variable costing b Usi...

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Comparison of Cost Flows under Full-Absorption and Variable Costing Wyandotte Product incurred the following costs for its

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Comparison of Cost Flows under Full-Absorption and Variable Costing Wyandotte Product incurred the following costs for its line of swimming pool pumps:

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100,000 units were produced, and 80,000 units were sold.

Required:

a. Using T-accounts, trace the manufacturing cost flows under variable costing.

b. Using T-accounts, trace the manufacturing cost flows under full-absorption costing.

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Cost Accounting

ISBN: 9780256069198

3rd Edition

Authors: Edward B. Deakin, Michael Maher

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Question Posted: Jun 26, 2024 03:06 AM

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Comparison of Cost Flows under Full-Absorption and Variable Costing Wyandotte Product incurred the following costs for its

Question:

Variable Fixed Direct materials Labor Supplies $500.000 475,000 $100,000 80,000 Depreciation 70,000 Repairs and maintenance 40.000 120,000 Other manufacturing 30.000 40,000 Marketing and administrative costs 40.000 110,000

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Cost Accounting

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